Legal Opinion
William Iselin & Co. v. Fireman's Fund Insurance
Appellate Division of the Supreme Court of the State of New York
Decided May 8, 1986PublishedCited by 7 opinions
1Opinion of the Court
OPINION OF THE COURT
Milonas, J.
On or about June 17, 1975, plaintiff William Iselin & Company entered into an accounts receivable financing agreement with the W. C. Lawson Cotton Company of Georgia, Inc. Pursuant to this arrangement, Iselin was to make advances to Lawson Cotton based upon 90% of the net amount of accounts receivable generated by Lawson Cotton. W. Carlton Lawson was the chief executive arid chief operating officer of Lawson Cotton, a company engaged in the business of purchasing and reselling bulk cotton. Iselin extended its advances to Lawson Cotton upon receipt at its New…
2Cases cited2 opinions
- Miller v. Continental InsuranceNew York Court of Appeals · 1976
- Prudential Capital Corp. v. Royal Indemnity Co.Appellate Division of the Supreme Court of the State of New York · 1964
3Cited by7 opinions
- National City Bank of Minneapolis v. St. Paul Fire & Marine Insurance Co.Supreme Court of Minnesota · 1989
- French American Banking Corp. v. Flota Mercante Grancolombiana, S.A.District Court, S.D. New York · 1990
- French American Banking Corp. v. Flota Mercante Grancolombiana, S.A., and Fireman's Fund Insurance Co., Fireman's Fund Insurance Co.Court of Appeals for the Second Circuit · 1991
- New York & Presbyterian Hospital v. Travelers Property Casualty InsuranceAppellate Division of the Supreme Court of the State of New York · 2007
- Fairview Co. v. IdowuCivil Court of the City of New York · 1990
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